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France cuts GDP growth outlook

Staff Writer | August 27, 2018
France's government reduced its growth projection for next year and the 2019 budget will be based on the new forecast, Prime Minister Edouard Philippe said in an interview with Le Journal du Dimanche.
French service sector
Europe   The government forecast the economy to expand 1.7% in 2019
The government forecast the economy to expand 1.7% in 2019 instead of 1.9% projected earlier.

Nonetheless, he said France is committed to cut taxes and rein in public spending. The government unveils its 2019 budget at the end of September.


 

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